Tungsten Prices Remain High, Driving Continuous Increase in Hard Alloy Costs

Since the beginning of this year, the tungsten market has maintained a strong trend, with significant price increases. According to market data, the price of tungsten has risen by over 120% year-on-year, reaching a record high.
This price surge is driven not only by supply-side factors such as tight mineral resources and stricter environmental policies but also supported by robust demand for tungsten as a strategic metal.

Significant Downstream Impact: Hard Alloy Costs Rise Markedly

The currently high tungsten prices have fully transmitted to downstream sectors.
As a key raw material for hard alloys, the rapid increase in tungsten carbide prices has directly led to a substantial rise in production costs.
This means that various hard alloy products primarily made from tungsten carbide—including Down-The-Hole (DTH) drill bits, button bits, chisel bits, cross bits, and threaded drill bits—will face ongoing cost pressures and potential price adjustment risks.

Market Sentiment Heats Up, Procurement Turns Cautious

In the face of sharp raw material price fluctuations, downstream consumers are generally feeling the operational pressure from high costs.
Currently, most buyers are adopting a strategy of purchasing on demand and maintaining flexible inventory, while closely monitoring market trends to seek more optimal procurement timing.

Industry Recommendations: Stay Rational and Respond Steadily to Market Volatility

Tungsten prices are now at historically high levels, making the market extremely sensitive to any minor developments, which further amplifies price fluctuation risks.
In this context, it is recommended that industry enterprises and partners:

• Maintain strategic focus and rationally assess market trends;

• Pay attention to marginal changes in the supply and demand of tungsten and tungsten carbide, as well as national policy directions;

• Scientifically plan procurement and production schedules to guard against operational risks caused by price volatility.

Qideli's Stance: Stable Supply to Navigate Market Fluctuations

Our company, Qideli Engineering Equipment, will continue to monitor the dynamics of the tungsten and tungsten carbide markets.
By optimizing production management and the supply chain system, we are committed to providing customers with high-quality drilling tools and stable delivery services.

We are dedicated to offering global partners timely market information and professional procurement advice,
helping clients move forward steadily in a complex and ever-changing market environment.